BERMUDA-Government to begin paying public sector pensioners from October.
HAMILTON, Bermuda, CMC – The Bermuda government says it will begin making payments in October this year regarding the 10 […]
Black News 
HAMILTON, Bermuda, CMC – The Bermuda government says it will begin making payments in October this year regarding the 10 percent increase in pensions for public sector retirees effective from April 1, 2026.
The government has since introduced the Pensions (Increase) Amendment Act 2026 to provide for the increase.
Public sector pensions have been frozen since 2014, and Premier David Burt said: “This increase recognizes the service of public sector retirees and delivers additional financial support, while also reflecting our responsibility to ensure the long-term sustainability of the pension fund”.
The government said payments will begin in October and include retroactive amounts back to April 2026, ensuring there is no loss to retirees due to the implementation timeline.
It said the increase was made possible because the Public Service Superannuation Fund (PSSF) has been stabilized by the Public Service Superannuation (Stabilization) Amendment Act 2025, which placed public sector pensions on a stable financial footing.
The government did not indicate how much is owed to the pensioners.
